Constitution
Role of Government
Expansion/Recession
Revenue/Expenses
Economic Indicators
100
This amendment protects the rights of individual property owners.
What is the Fifth Amendment?
100
The primary economic role of the government in a free enterprise system.
What is ensure public safety?
100
This type of fiscal policy addresses inflation by decreasing the amount of money in circulation.
What is contractionary?
100
Property taxes are the main source of funding for this level of government
What is a school district?
100
This is the target level for unemployment in a developed nation.
What is 5-6 percent?
200
This is the economic purpose of the Fifth Amendment
What is protection of individual property owners?
200
This economist believes the "invisible hand" will regulate business, and government should keep out of the market.
Who is Adam Smith?
200
The major function of contractionary fiscal policy, which takes money out of circulation.
What is to address inflation issues.
200
This is the only state in the South Central region to not collect state income tax.
What is Texas?
200
This is the target rate of inflation in the United States.
What is 2 percent?
300
The government's authority to collect income taxes comes from this amendment
What is the 16th Amendment?
300
According to this economist, government can and should address an economic recession using fiscal policy.
Who is John Maynard Keynes?
300
This period of the economic cycle is characterized by high growth and low unemployment.
What is an expansionary period?
300
This type of tax is used to influence behavior and buying patterns.
What is an excise tax?
300
This is a measure of the dollar values of all goods in a country, divided by the number of people.
What is GDP per capita?
400
The purpose of the 16th Amendment is this.
What is to give Congress the authority to collect income tax?
400
Government can ensure the well-being of the elderly by increasing taxes and spending on this social benefit, which is both a revenue and an expense.
What is Social Security?
400
The economic period characterized by high inflation AND high unemployment.
What is a recession?
400
States and cities collect this tax, while the federal government does not.
What is sales tax?
400
This can increase the amount of productivity per worker hour
What is technology?
500
This section of the Constitution gives Congress the authority to set a budget and collect revenue
What is Article 1, Section 8?
500
This government agency's job to ensure workplace safety in American businesses.
What is OSHA?
500
This former U.S. President supported "supply side" economic policy to encourage economic expansion.
Who is Ronald Reagan?
500
The federal income is ____________, which means the percentage of tax increases as income increases.
What is progressive?
500
This is the measure of product created per labor hour.
What is productivity?
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